Energy commodities such as crude are closely watched by countries, corporations and consumers alike. The average Western consumer can become significantly impacted by high crude prices. Alternatively, oil-producing countries in the Middle East (that are largely dependent on petrodollars as their source of income) can become adversely affected by low crude prices.
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A precious metal is a rare naturally occurring metallic chemical element of high economic value. Precious metals are often referred to as the ultimate safe haven assets during the times of market turmoil. Because of this, a lot of experienced investors hold at least some part of their portfolio in precious metals.
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